The US drops tariff threat over global tax agreement
The United States withdrew its threat of tariffs against five European countries over their digital services taxes, as part of a deal to manage the transition to a new global tax policy for large corporations. Austria, France, Britain, Spain, and Italy will get to enforce their digital taxes until ...
Europe allocates €227 million in funding to tech startups
The European Commission’s European Innovation Council has picked 65 startups and small companies to get some funding from a pot worth €363m.
The EIC accelerator program mandates that each company gets a combination of grant financing and equity investments of up to €17m to develop and scal...
Intel will most likely build a new factory in Germany
Due to the large chip shortage, many chip manufacturers are expanding. The most significant expansions are taking place in Taiwan, South Korea and the United States. It is still unclear how many companies will build a chip factory in Europe. So far, Intel is the only one that has promised to build ...
Europe has now created more billion-dollar companies than China
Europe's unicorn herd is now bigger than China's, after seeing more venture capital than ever this year. Since 1990, Europe has created 296 companies valued at more than $1 billion, whereas China has created 276.
New data from Dealroom shows that the region has produced 72 new unicorns in 2021, ...
Venture capital deals in Europe reach all-time high: $33 billion in Q2
In the latest report by TheVentureCity, a team of operator investors investing internationally in software companies, Europe managed to hit new funding high in Q2 of 2021, with a total deal value of $33 billion.
Over the past ten years, the continent has seen an increase in venture capital fundi...
Xiaomi beats Samsung and is best-selling smartphone brand in Europe
The Chinese smartphone brand Xiaomi is fast climbing the ranks in the smartphone industry and recently overtook Apple to become the second-largest smartphone vendor globally.
According to new figures, it has also become the number one smartphone brand by the number of sales in Europe.
The num...
Europe cannot afford a misstep in the 5G race if it is to become a global innovation leader
Because of the pandemic, the value of connectivity and mobile networks has changed in Europe. We know for sure that the next part of this conversation will undoubtedly be about 5G and mobile networks.
At last year’s B20 Summit, Ericsson's CTO and CEO said that the road to recovery for Europe w...
Survey: European manufacturers want local battery supply
China's domination of the industry is making UK and EU manufacturers nervous.
Manufacturers in the UK and Europe want to move more of the supply chain for batteries used in electric cars and renewable energy away from China and closer to their plants, a survey showed on Tuesday.
China dominat...
Europe’s startup funding breaks all records this year
European startups get record-breaking investments as a precursor to immense growth within the technology sector.
European businesses are finally easing into normalcy as pandemic restrictions are relieved across the continent. However, this has caused a sudden increase in the number of startups s...
HPE takes a big stake in Europe’s Data Infrastructure project
The company plans to help organizations advance data monetization by tapping into the federated data infrastructure Gaia-X
Hewlett Packard Enterprise (HPE) this week announced solutions to help organizations advance data monetization by tapping into Gaia-X. That is the name of the European "Data...
France approves Google and Microsoft cloud for sensitive data
French ministers agree that collaborating with the Americans may be a good thing for France.
The French government has decreed that the country's most sensitive state and corporate data can be safely stored using the cloud computing technology developed by Alphabet's Google and Microsoft. This c...
US investment in European startups hits a high water mark
US investors have pumped €10 billion into European startups in 2021 alone
Interest from US VCs in European tech companies has accelerated over the past two years, according to industry analysts. The amount of funding has reached an "all time high" in April, they say.
We are no less than h...